Abila MIP Fund Accounting drives decision making
October 21, 2016
Abila MIP Fund Accounting drives decision making
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
Our finance and senior leadership team use MIP Fund Accounting to advance data-driven decisions across the organization, increase the ability for our organization to obtain grant funding and a shared service model. The software's robust feature set including incredible import/export functionality, available software integrations and the allocation module allow us to have three staff members accurately record over six million transactions ever year. Implementing the software has enabled our organization to quintuple our grant funding and share services cash-flow.
- Allocations - incredible automation for extremely complex approaches.
- Ease of use - import features and data entry are made easy.
- Reporting - management reports and available chart of accounts complexity allows deep insights into data.
- Imports - importing, while easy and consistent to do, is a bit difficult when required fields use multiple zeros.
- Improved data decision making.
- Increased ability to accept grant funding (4x).
- Insight into detailed spending and surplus/(deficit) of all programs/services.
- We can now electronically/automatically track the fund balances for over 500 donor restricted endowment funds all invested in the same investment account.
We use the allocation module features to automatically allocate the gains and losses of our endowment to over 500 funds. We also maintain six operating funds making intercompany borrowing easy to track, manage and address.